Wilmington Capital Management Inc. Announces First Quarter 2025 Results

About this update from Wilmington Capital Management Inc. Class A

[{"type":"text","content":"Wilmington Capital Management Inc. Announces First Quarter 2025 Results\n\n\n\n CALGARY, Alberta, May 06, 2025 (GLOBE NEWSWIRE) -- Wilmington Capital Management Inc. (TSX: WCM.A, WCM.B) (“Wilmington” or the “Corporation”) reported a net loss for the three months ended March 31, 2025, of $0.2 million or ($0.01) per share compared to net income of $1.3 million or $0.10 per share for the same period in 2024.\n \n\n\n First Quarter 2025\n \n\n The Corporation reported a net loss for the three months ending March 31, 2025 of $0.2 million or ($0.01) per share compared to net income of $1.3 million or $0.10 per share for the same period in 2024.\n \n\n\n Outlook\n \n\n Beginning in August 2023, the Corporation took steps to monetize a significant number of its investments in order to unlock the embedded value which had been substantially realized, simplify its business and return capital to its shareholders. As at March 31, 2025, the Corporation had approximately $34 million of cash on hand and an 18% ownership interest in Bay Moorings Marina Holdings Limited Partnership, which owns land in Ontario being redeveloped into 50 residential sites and a condo having approximately 90 units.\n \n\n The Corporation is currently reviewing a range of alternatives aimed at providing liquidity to shareholders including repatriating additional capital and maximizing the value of its public platform.\n \n\n\n About Wilmington\n \n\n Wilmington is a Canadian investment company whose principal objective is to seek out investment opportunities in the alternative asset classes which provide shareholders with capital appreciation over the longer term as opposed to current income returns. The Corporation invests its own capital alongside partners and co-investors, in hard assets and private equity funds and manages these assets through operating entities. Further information relating to Wilmington may be found on\n \n\n www.sedarplus.ca\n \n\n as well on Wilmington’s website at\n \n\n www.wilmingtoncapital.ca\n \n\n .\n \n\n\n\n\n\n\n\n CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n (unaudited)\n \n\n\n\n\n\n For the three months ended March 31,\n \n\n\n\n\n\n (CDN $ thousands, except per share amounts)\n \n\n\n\n\n\n\n 2025\n \n\n\n\n\n 2024\n \n\n\n\n\...

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